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, but senator chuck schumer warns, taxes are coming. >> we're going to do the budget this year, and it's going to have revenues in it. all republican colleagues produced to that fact. lori: will republicans be receptive? steve more of the "wall street journal" senior economic writer joins me on the phone. what did you think about that? >> great to be with you. you know, the problem for chuck schumer is not so much getting republicans to get used to it. what about all those red state democrats in the senate. those are the people that are probably hyperventilating right now over what chuck schumer said if you look at the l.a. tour map, there are six, seven, or eight red state democrats that face reelection in 2014. melissa, i don't think too many of them are relishing the idea of voting for another tax increase. i wonder whether the chuck schumer, harry reid budget could pass the senate, even with just democratic votes because you have so many people that are up for reelection that are going to be very reluctant to stick their necks out and vote. by the way, as you know, we just had a $600 billi
from the president. chuck schumer is the latest essay, to say, as you know, if it comes to another budget that will be stressful, republicans may not like it, but they will have to deal with it. i will have more on the attitude in the approach of the president. i didn't see anything shocking or the president. he is kind of echoing what he already has said. maybe slightly more directed to the point. maybe something that you would normally see in an address like this. maybe more inclined for the state of the union address. >> what is interesting though is that a lot of the lines could have been in his campaign speeches. the whole thing about, well, there are a select few that are making it at the top. the rest are getting the scraps. we have to build them up. i heard that in city after city in ohio and florida and colorado and iowa. neil: were you surprised to hear it now. >> are you going to be up late? >> are you going to have a tv dinner over there? neil: it was enough to say that i won this election and i'm going to go with the spending and this will happen. >> he did, he said th
his bidding in the senate more to the point by saying. presumably on his behalf. chuck schumer comes to mind, and he has already said that the senate will produce a budget. it will mean a lot higher taxes on rich people. if republicans don't like it, forget it. deal with it. it is that message that is coming through loud and clear. they feel that since the cliff deal they could triangulate republicans to make the house allow stock so that if the house rejects with a rare coming up with a look like obstructionists it is no small accident today that this inauguration day republicans chose to announce that they're going to have about on extending the debt limit for another three months. in other words, to put off this very, very important matter for another few months. as much to get their own ducks in order as the countries. but this tells you something about the mind-set of republicans. they still behind the eightball. melissa: we will break that down even more after the next commercial break. let me ask you before we get to that. do you feel like the tenor has changed? of republicans
of taxes on corporations make money overseas and charles schumer make more for taxes on meet the press yesterday. >> we need the money and second, a great opportunity for us, in our budget, we will have tax reform many my republican colleagues like, but it will include revenues and a great opportunity to get us more revenues to help in part deal with sequestration and deal with-- >> senator schumer. stuart: you have a great opportunity. so that's where we are headed and the next four years does indeed kick off it had. for a moment. look back. the president's policy mass been to spend more, tax the rich and protect the debt. in 2009 the debt was a little over 10 trillion and nod it's skyrocketed. it's over 16 trillion and it will be 17 trillion by this fall. the number of people on food stamps way up. in 2009, 33 million. today, that number all the way up to 47 1/2 million and still rising. we're not done with this. a little later, eric bolling joins us, what does he think about even more taxes still to come. and hollywood's free pass on guns. and super bowl will be a family affair? yea
york senator chuck schumer said over the weekend, and i quote, it is going to be a great opportunity for us because in our budget that we will pass we will have tax reform, which many of my republican colleagues like, but it is going to include revenues. a great opportunity to get more revenues. rehire texas. now, republicans say they are not taking this line down. they have been fond of reminding americans it has been for years, four years since the senate has written a budget. today they upped the ante with these calculations. democrats last above the way back in 2009, three pentagon's cabin built, not that we have the money to do it, just the time. a mountain climbing team could have made it to the top of everest and back 292 *. finally, we could have built all 179 miles of the keystone pipeline in that time the senate has been sitting on its budget riding pants. you get the picture. we have been waiting. they have been dawdling. bottom-line, and still could end up being the canary in the coal mine. one guest just they told me and other highly paid athletes might move out of the c
and fiscal cliff deal. senator chuck schumer making no secret tax hikes are coming. tracey much like phil mickleson enough is enough. >> eric enough is enough. i barely saw my paycheck. i am glad phil mickleson spoke out. he can leave and go to another one of his homes if the estate taxes are too high. >> i can't. unless we move the new york study is itio. i got to live near my job. i don't have that luxury. >> johnathon aren't we taxed enough already. >> we are indeed . states like new york and eric you are talking about 60 percent of your earnings. no wonder they are leaving in droves. high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labor. you are a slave. california is more than 60 percent of the way there. >> wayne, you are in california. when are lawmakers going to get the message enough is enough? >> it is not a question of them getting the message. it is a question of spending. you have to cut spending in order to do this. you can't just me
beyonÉe listening thing. senator chuck schumer who hosted and organized most of the festivities that he has yet to receive a call from the on-site apologizing for her performance. does he really expect her to call? i don't know why he expects an apology. >> who cares? is a difficult song to the best of times and maybe she wasn't in the best that day. and then the marine band -- do they actually play? melissa: they kind of blamed her and said she said we are not doing a live performance. >> i'm so glad that senator schumer has obviously the most important thing on his mind. forget about the 16 filion dollars in debt. melissa: as a politician he's really worried about people being phony. so that makes a lot of sense as well. next up, take a look at this fantastic resume. we know how hard it is to try and stand up, but have you ever seen anything as creative as this? he says there is only one lasting stock, you have to get it now. i think it's cute. >> this is the first time we have heard about this. melissa: our staff was very much mocking him and saying what a dork he is. they really hun
holding the hearings on his nomination. he met with chairman max baucus and senator chuck schumer of new york. chuck schumer is calling him a shoe in as treasury secretary but today jack lew is making rounds with republican senators including top republican orrin hatch. one question republicans may bring up in his confirmation is his time as a top executive at citigroup from 2006-2009. while he was there the bank got slammed in the financial crisis back in 2008 when it got a $45 billion taxpayer bailout and jack lew made millions while he was at city including about a $1 million bonus for his work at the bank in 2008. tweet republican senators raised questions about his city jobs in previous confirmation hearing that the republican national committee hopes to make it an issue this time around and each it is three page press release two weeks ago when his nomination was announced by the president that aggregated articles about jack lew's work for citigroup, calling this from sub prime to prime-time. cheryl: peter barnes, thank you very much. it is going to be interesting. not going to be
cliff despite the fact the fiscal cliff deal past and here we are now. chuck schumer already speaking out on the democratic side saying we will look at this, but we're also going to want to increase taxes. that was a flat-ou flat out linm senator schumer. will the senate rain on this parade? >> the senate reins in every parade everyday. that is not an earth flash there. i voted against raising taxes on any americans for the majority in the house and the senate and the president said some taxes have to go up. i disagreed with that. i didn't think the leadership was going to be in any mood, i know the rank-and-file will not be in any mood to raise taxes. doesn't mean we can't raise some revenue with sales and asset sales and things like that, but in terms of tax increases, i think every house republican would vote no on a pure tax increase. cheryl: spending reductions. i know you and many of your republican colleagues in the house have said and how it programs have to be addressed, but if you recall, said absolutely there would be no discussion of cutting any type of entitlement program
schumer, the ink is not dry o on the last marginal rate increase before he promises to seek more. for those of us who opposed the fiscal cliff deal it was for that very reason. you can't not tax your way out of our current deficit and debt. i was encouraged to hear that senator schumer and our colleagues in the senate are going to do something they are very unfamiliar with, which is actually to pass a budget. i will believe it when i see it. he says they're going to do it. that is important because when you have to put pen to paper and list your priorities it makes it easier to have the debate. when you're debating against a phrase like balanced approach, that's a challenge. but when you're debating against specific numbers, it gets a little easier. tracy: representative schakowsky, let's talk about this budget. the house of course calling no budget, no pay. look, you want to talk about the center and the american people. we have all had to create budgets over the last couple of years and had no choice but to live by them. we don't have printing presses at home. this notion that
at what is going on. >> the honorable charles schumer. [ cheering ] >> mr. president, mr. vice president, members of congress, all who are present, and to all who are watching, welcome to the capital and to this celebration of our great democracy. this is the 57th inauguration of an american president. no matter how many times one witnesses this event, its simplicity, its majesty and, most of all, it is meaning. it is sacred and cautious and trusting a power from we the people to our chosen leader never fails to make one's heart beat faster as it will today with the inauguration of president barack h obama. [ cheering ] >> now, we know that we would not be here today were it not for those who stand guard around the world to preserve our freedom. to those in our armed forces, we offer our infinite thanks. for your bravery, your honor, your sacrifice. [ cheering ] [ applause ] >> this democracy of ours was forged by intellect and argument: by activism and blood. above all, from john adams to elizabeth cady stanton, to martin luther king: by a stubborn adherence to the notion that we are
rounds, senator chuck schumer of new york said he will reintroduce legislation over background checks in the number of weeks. in the house, congressman rosa and raul of arizona put forward a bill that would give gun owners a $1,000 a year tax credit for each of two years for turning in assault rifles to state police, none of these are expected to pass of republican controlled house. president obama's address triggered a scathing response from the national rifle association, the leader, rain lapierre, said that president made a mockery of our constitutional rights. >> they are god-given freedoms they belong to us, in the united states of america as our birth right, no government gave them to us, no government can ever take them away. lou: lapierre argued only reason that federal government would want to create a list of gun owners is to quote, tax them or takes them. our next guest is a texas gun shol owneshopowner who is now ca boycott of groupon, after the site canceled his dial for a concealed handgun training course, he said that groupon seems to e8 to to e88ing anyoneo believes in
in their judgment. well, new york democrat senator chuck schumer calling the bipartisan blueprint a major breakthrough. he claims his fellow democrats are not looking to play politics with this plan. >> we do not want immigration as a wage issue. much rather we want a bipartisan bill that solves the problem and becomes law. it is our hope that these principles can be turned into legislation by march and have a markup by chairman leahy with the goal of passage out of the senate by late spring or summer. lou: senator mccain bluntly acknowledged the republican party has been losing support of hispanic voters and says this agreement will change all that. >> the republican party is losing the support of our hispanic citizens. and we realize that in many issues which we think we are in agreement with our hispanic citizens, you will find that this agreement has very little difference from that of the legislation that was led by senator kennedy some years ago. lou: meanwhile, we will be joined by one of the leaders of the efforts to, working for a year on the republican proposal, adamantly opposi
like durbin and schumer, liberal democrats going along with something with john mccain and lindsey graham, that's a pretty good sign that this will pass easily in the senate. i think one of the most intriguing stories is the fight for credit. i think there are going to be a lot of people headed by marco rubio who will want to get a lot of this credit. lori: on the political side but it also begs the question, right, greg, what happens to the millions of illegal immigrants already living and working in this country? will it put pressure on available jobs and other services like hospital care, et cetera, what do you think?. >> i don't think so. i would prefer to take a positive spin on this entire story. i think if you look at a country like japan which is a demographic train wreck with a huge deficit, much bigger than ours, we're adding lots of people who will pay social security taxes. who will pay other taxes. you're adding to our population i think a workforce that will actually help our fiscal issues far more than a country say like japan. lori: good comparison. help our fiscal
schumer in new york said it. this is an opportunity to get more revenue. you know -- >> time against additional revenue, that is already, that ship has sailed. we need to be focusing on controlling spending, comprehensive reform on entitlements. stuart: i have a feeling this is a breakthrough. >> the way the tax increase took place is the republicans in the house of representatives voted for and approved it. had they not, there would be no tax increase at all. had they held firm with regard to -- stuart: when you are a republican. you are republican now. you are with republicans in the house. >> the debt ceiling, they could have the focus on entitlement reform. hopefully that is what we will do over the next 90 days. hard-working officials in the house and reform. stuart: come back and contradict the president any time you like. next a man who does business with microsoft sells software but is still critical of the company's the executive as am i. why can't microsoft be the one to challenge apple? what will it take? the man from microsoft is next. [ wind howls ] [ dog barks ] ♪ ♪
cutting spending and i think that-- >> i certainly heard the tax thing from senator schumer. he left no doubts. we want more revenue. this is an opportunity to bring in more revenue. >> yes. stuart: so taxes are going to go up, spending is really not going to be cut. i just don't see that. and the president is totally, he totally ignored the debt. i've got to tell you, kirsten, that is not a recipe for firm, strong economic growth. >> well, he did ignore the debt. i would say that i don't think inaugural speeches are usually a time to sort of ruminate about the problems in the country. george bush didn't talk about how he didn't find wmd's in his second inaugural address nor would anybody expect him to. and there there is concern with t the democrats and on the right. and how that is in the short-term, you asked what kind of growth are we going to have? i don't know that does effect us in the short-term. the economy could turn around and it could turn around at that rate. that would be wonderful. i think 5% is probably more than what most people are expecting. stuart: i don't think -
Search Results 0 to 20 of about 21 (some duplicates have been removed)